Muskegon Lumberjacks Being Sold, New Ownership Committed to Keeping Team in Muskegon

Posted at 1:40 PM, Jun 04, 2013

MUSKEGON, Mich. — The Muskegon Lumberjacks are in the process of being sold to a new ownership group.

The Lumberjacks made the announcement today and say the new ownership group is committed to keeping the franchise in Muskegon. USHL Ownership Transaction Guidelines prohibit the release of the new ownership team until the transaction is approved by the USHL Board of Directors.

The Junior Hockey News, a website devoted to covering junior-level hockey, reported yesterday that a group based out of New York is set to acquire the club. The website reports that twin brothers Chris and Peter Ferraro are teaming up with Joel Friedman of Clearview Capital Management, LLC and Ronald Friedman of SilvermanAcampora, LLP to purchase the Lumberjacks.

The Ferraro brothers are reportedly working on building the Ferraro Brothers Arena on Long Island, New York. Joel and Ronald Friedman are assisting in the development and financing of the multi-use arena.

In a press release, the Lumberjacks say that the organization has also communicated with the City of Muskegon about the new ownership group and looks forward to continued mutually beneficial programming at the arena. The team is set to begin a week-long training camp on Monday, June 10 and season tickets are still being sold.

It is anticipated that the USHL Board will meet June 13th during its annual summer meetings to vote on the transaction.